Permission has now been granted to Mountgrange and XLB for a further 180,000 sq ft of development space to include (B1c) light industrial general industrial (B2) and storage and distribution (B8) uses, in addition to existing office and R&D (B1) and hotel uses. The remaining land can now accommodate up to 505,908 sq ft of development.
“This will increase the already outstanding flexibility of accommodation and service options available to occupiers,” says Dominic Moore of Mountgrange, the asset managers of the park. “We’re now able to offer them the full spectrum of uses from high- and bio-tech, through mid-tech and clean-tech, to more general industrial and distribution applications.
“Our plans for expansion also incorporate the introduction of new ‘hybrid’ buildings. These mid-tech buildings allow us to combine offices, laboratoies/R&D and production units that can be designed specifically around our clients requirements”.
Cambridge Research Park is strategically located on the A10 at Cambridge’s northern boundarywith fast access to regional and national networks, and is set in a 112 acre landscaped environment, with a 32 acre nature reserve and first class amenities including an on-site café and conference centre. XLB are development managers on the park.
About Mountgrange Investment Management LLP
Mountgrange Investment Management LLP (“Mountgrange”) is a private real estate fund management business specialising in UK commercial property investment, development and asset management. The firm is led by seasoned real estate investment professionals with long established UK market expertise spanning multiple cycles and across various property types.
Mountgrange is the manager of its Fund, Mountgrange Real Estate Opportunity Fund (“MoREOF”), which closed in 2009 with committed capital of circa £300 million drawn from investors around the world including endowments, pension funds, family offices, fund of funds and high net worth individuals. Mountgrange seeks to identify undervalued opportunities across a number of property sectors and to maximise returns by applying its investment and asset management expertise.
To date the Fund has committed approximately £190 million in 11 transactions across the UK including offices, industrial estates, retail and residential, primarily located in the South of England. The Fund has invested in platform businesses in the low cost hotel sector under the Tune brand in
London and in mezzanine loans to residential developers in London and the South-East; the Fund has also invested in strategic land for residential and for renewable energy.
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Contact details
Richard Taylor, Simpsons Creative
01279 755 555
07799 035135
richard@simpsonscreative.co.uk
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Cambridge Research Park pushes back the boundaries
5 September 2012
Planning consent has been secured to facilitate major expansion proposals at Cambridge Research Park by expanding the range of permitted uses that can be developed at the park, providing greater flexibility to accommodate tenant requirements.